St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-12
FINANCIAL.
New York.

NEW YORK, March 11.-Money on call easy
at 4Gl7 per cent; at the closing offered at 4.
Prime mercantile paper SOC per cent. Ster-
ling exchange dull, but steady. To-day was
the dulleSt day in the stock market this week
and while prices were firm throughout most
of the day, the trading was almost entirely
professional and pending the final outcome of
the Baltimore & Ohio deal, operators were
waiting. There was no news regard TO
it, or anything else of Importance to-day, but
rumorS in regard to several properties were
freely circulated. A revival Of the old story
of deal between New York s. New England
and the New Haven road was effected, and
several other vague rumorS of a deal of some
sort of the former property were circulated
The four or Fl We stocks which have monopo-
LIKED the business for the past week
did the usual proportion of trading
to-day while the remainder in the general
apathy existing were for the most part eX-
tremely dull and devoid of feature. New
England and Consolidated Gas were conspicu-
Gus for strength, while the coalers, especially
Lackawanna and rJersey Central. were 9ener-
ally heavy throughout The rumor was circu-
lated on the board in the afternoon that the
Baltimore Ohio deal was off, which led to
some selling to the last hour, but better
tone was developed just previous to the close,
when it became known that an extension of
time had been granted to the syndicate.
Western Union was moderately strong early
in the day, which, in connection with the ad-
vance in American cable stock, attracted con-
siderable attention. Lackawanna was af-
fected somewhat by rumors of
decrease in the dividend rate, but these met
with prompt denials. Richmond s. West
Point was the conspicuously weak stock of
the active list, its great decline being in the
last hour. The opening was tame and uniil-
teresting, but firm throughout, the advances
over last evenings prices ranging from "A
to "a per cent. There was an inclination to
heaviness in the early dealings, but it soon
disappeared and prices were brought up to
shade above the opening figures. The mar
ket then became extremely dull, but remained
firm In the afternoon there was still less
activity. and short period of heaviness was
succeeded by a renewal of the steady harden
ing of values. The last hour, however, was
marked by renewed activity, accompanied by
weakness, and the early gains in many
cases were completely wiped out Richmond
s. West Point being most noticeable
for the decline established. Although the
market closed on a rally it was heavy. The
closing prices show irregular changes, though
advances are slightly in majority and the
only important difference was decline of IL
per cent in Richmond g. West Point. Rail-
road bonds were dull and unusually quiet.
Sales aggregated S1,10000O. There was no
feature of Importance. Both government and
state bonds were dull and steady. The total
sales of stocks to-day were 220, 402 shares, in
Guiding:
Del. Lack. g. w. PC. 552 Reading. ....... .230
Erie. ,035 st. Paul. ....... $500
Lake Shore. go. 4,012 Union Pacific. 1880
Louis. & Nash... 3,165 West. Union. . .2S, 525